Chaos Control in Cournot-Puu Model

Gao Ge Hu; She Sheng Gao; Bing Bing Gao

doi:10.4028/www.scientific.net/AMM.494-495.1189

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 494-495Chaos Control in Cournot-Puu Model

Chaos Control in Cournot-Puu Model

Abstract:

The Cournot-Puu economic model, with a bounded inverse demand function and different constant marginal production costs, exhibits complex bifurcating and chaotic behaviors. In this work, two approaches are developed to control bifurcation and chaos in the model. The first approach is based on the delayed feedback control method and can be viewed as a variant of Chens strategy. The second approach is an adaptive parameter turning algorithm in which the original adaptive method for controlling chaos is implemented. Numerical simulations are conducted to show how bifurcation and chaos can be controlled by the proposed approaches. The possible economic implications of the proposed control strategies are also discussed.

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Periodical:

Applied Mechanics and Materials (Volumes 494-495)

Pages:

1189-1194

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.494-495.1189

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Online since:

February 2014

Authors:

Gao Ge Hu*, She Sheng Gao, Bing Bing Gao

Keywords:

Adaptive Method, Chaos, Control, Cournot-Puu, Delayed Feedback

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* - Corresponding Author

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